Compliance

Guidance on regulatory expectations is helpful, but it is not yet clear whether such guidance gives financial institutions impetus to onboard or keep clients they perceive to be riskier.

Employee termination notices sent by Wells Fargo to the Financial Industry Regulatory Authority raise new questions about the bank's knowledge of fraudulent account openings and indicate it may have taken retaliatory measures against potential whistleblowers, three Democratic senators alleged Thursday.

Wells Fargo chief Tim Sloan on Thursday downplayed the financial damage from the bank's phony-accounts scandal and insisted there is still a role for cross-selling if conducted properly.

The guidebook is a project of the regulator’s Small Credit Union Learning Center.

No matter the outcome of the divisive 2016 election, the many regulations still in the pipeline from financial regulators are not going to come to a screeching halt when the next president takes the helm in January. But of the various agencies, the one most vulnerable to change is the National Credit Union Administration.

Among the troubles for Rush Credit Union are missing money, mysterious deeds to foreign properties and a car raffle that may have been rigged.

We asked experts in the payments industry what business issue they would like to eliminate in the year ahead. Here is what they had to say.

Even if the court does dismiss the suit, the banking trades are widely believed to be prepping another lawsuit against the regulator, this time attacking the recently approved updates to NCUA’s field of membership rule.

The regulator’s settlement with Nomura is tied to the failures of two corporate credit unions, though Nomura did not admit fault as part of its settlement.

If modified, the cybersecurity standards in New York State are a step in the right direction to protect banks and consumers.

While much of the focus on chip cards is rightly placed on security, there's also a relationship building factor as consumers become aware of the benefits.

Progressives are already pushing Democrats to appoint another Wall Street reformer to the Banking Committee if they win back the Senate, but other considerations, including the 2018 midterms, will play a significant role in who is chosen.

Qualifying institutions can receive assistance from NCUA’s Office of Small Credit Union Initiatives.

We asked experts in the payments industry what business or economic advice they would give to the next president of the United States (regardless of who wins in November). Here is what they had to say.

Open source development has joined blockchain technology in a bid to take a bite out of banks' long-standing control over the international payments market.

WASHINGTON -- In a speech defending his support of Republican presidential nominee Donald Trump, PayPal co-founder Peter Thiel faulted both major parties for letting recent financial bubbles occur under their watch.

NCUA banned five former credit union officials from the industry for convictions tied related to embezzlement, grand larceny, falsifying business records and other crimes.

The world's third-largest bank hasn't given up on bitcoin.

As banks grow and their business models become more complex, some find that adding a general counsel to the staff makes sense. Bank SNB in Stillwater, Okla., says hiring one allowed it to reduce its legal fees by 80%. Here are the pros and cons.